【Middle East Conflict Escalates, Market Enters "Most Difficult Stage"?】

Impacted by Donald Trump's ultimatum to Iran, global markets are experiencing severe volatility. With the Strait of Hormuz approaching closure, oil prices remain elevated, stagflation expectations are rapidly intensifying, and a dual selloff in stocks and bonds has become the main theme.
In the short term, the market is on one hand betting on "Trump backing down" (TACO logic), while on the other hand guarding against further escalation of the conflict, causing price action to be repeatedly whipsawed. More critically, capital is beginning to withdraw from the most crowded AI leaders, treating them as "liquidity exits," which often signals the market hasn't reached its true bottom yet.
The current rebound looks more like emotional recovery rather than a trend reversal.
What do you think—should we be buying the dip here, or continue waiting for risk to be released? $ETH